State Awards $500M in READI Grants to All Regions

The Indiana Economic Development Corp. has announced the grant recipients in the $500 million Regional Economic Acceleration and Development Initiative. The IEDC Board of Directors has approved recommendations to provide grants to all 17 regions representing every Indiana county, though only five regions have received the maximum $50 million allocation. ... Read More

Ivy Tech, Baptist Health Partner in Sellersburg

Ivy Tech Community College and Louisville-based Baptist Health have announced a $2.5 million partnership. Ivy Tech says the commitment will establish the Baptist Health School of Health Sciences and support renovations of Pfau Hall on its Sellersburg campus.... Read More

Powderkeg Names ‘Unvalley Award’ Winners

Indianapolis-based Powderkeg has unveiled the winners of its 2022 Unvalley Awards. The tech networking platform says the awards "recognize the best startups and tech companies to work for in emerging tech communities beyond Silicon Valley."... Read More

Plant Closure to Bring Layoffs in Granger

A sound insulation company headquartered in Pennsylvania has announced plans to close its facility in Granger. In a notice to the state, Molded Acoustical Products of Easton Inc. says the closure will result in the layoffs of 114 employees.... Read More

State to Unveil READI Grant Recipients

The Indiana Economic Development Corp. will Tuesday announce the recipients of funding as part of the $500 million Regional Economic Acceleration and Development Initiative. Seventeen regions representing all 92 counties have presented their regional development plans, for which they could receive up to $50 million.... Read More

Lilly to Collaborate with Chinese Company

Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has inked a research collaboration and licensing agreement with Regor Therapeutics Group, which is co-located in China and Boston. Lilly says as part of the deal, the companies will work together to discover, develop and commercialize novel therapies for metabolic disorders.... Read More

PRI Trade Show Returns to Form

The president of Performance Racing Industry says the return of the PRI Trade Show in downtown Indianapolis was exciting for not just his team, but the city and the entire racing industry. ... Read More

Tippman Expansion Lands Incentives in Anderson

A $30 million expansion of Fort Wayne-based Tippman Group's warehousing facility in Anderson is receiving support from the city. Our partners at The Herald Bulletin report the Anderson City Council has approved a seven-year tax abatement for the project, which is expected to create 20 jobs.... Read More

Cafe Aims to Skill Up People with Disabilities

The Arc Noble County Foundations has launched a new effort aimed at helping prepare individuals with disabilities for the workforce. The nonprofit has opened the CLC Café at the Community Learning Center in Kendallville in an effort to give those individuals experience in... Read More

Indiana Renews Plans for Global Economic Summit

More than two years after being postponed due to the pandemic, the state is set to host the inaugural Indiana Global Economic Summit in Indianapolis next spring. The Indiana Economic Development Corp. says the event will "showcase the state's leadership role in transformative ideas, disruptive technology, and urgent deliberation on the economy of the future."... Read More